Radius Recycling (NASDAQ:RDUS) Announces Quarterly Earnings Results

Radius Recycling (NASDAQ:RDUS) posted its earnings results on Thursday. The basic materials company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.18, Briefing.com reports. Radius Recycling had a negative net margin of 10.28% and a negative return on equity of 5.89%. The firm had revenue of $771.00 million during the quarter, compared to analyst estimates of $680.80 million. During the same period in the previous year, the firm earned $0.47 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis.

Radius Recycling Trading Down 2.4 %

Shares of RDUS stock opened at $15.94 on Friday. Radius Recycling has a 1-year low of $12.69 and a 1-year high of $31.70. The company has a market cap of $446.96 million, a price-to-earnings ratio of -1.64 and a beta of 1.53. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.96 and a quick ratio of 0.92. The stock has a 50 day simple moving average of $16.64 and a 200-day simple moving average of $16.67.

Radius Recycling Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Tuesday, November 12th. Radius Recycling’s dividend payout ratio (DPR) is presently -7.72%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Radius Recycling from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th.

Radius Recycling Company Profile

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.